BOE Report

Long Run Exploration Ltd. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2013 and 2013 Year End Reserve Results

CALGARY, ALBERTA--(Marketwired - March 5, 2014) - LONG RUN EXPLORATION LTD. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce its financial results for the fourth quarter and year ended December 31, 2013 and year end reserve results. 2013 HIGHLIGHTS Long Run's funds flow from operations for 2013 was approximately $230 million ($1.83 per share, diluted), an increase of 78 percent over 2012. Production averaged 25,094 boe per day for 2013, weighted approximately 53 percent to [Read more]

Wrangler West Energy Corp. Announces Completion of Acquisition by Trident Exploration Corp.

CALGARY, ALBERTA--(Marketwired - March 5, 2014) - Wrangler West Energy Corp. (TSX VENTURE:WX) ("Wrangler" or the "Company") announces the completion of its previously announced acquisition by Trident Exploration Corp. ("Trident") through the amalgamation of 981443 Alberta Ltd. ("981443"), a wholly-owned subsidiary of Trident, with Wrangler under the Business Corporations Act (Alberta) (the "Amalgamation") to form Trident Exploration (WX) Corp. ("Amalco"). As a result of the Amalgamation, and [Read more]

Peyto Celebrates 15 Years With Year End 2013 Report to Shareholders

CALGARY, ALBERTA--(Marketwired - March 5, 2014) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto" or the "Company") is pleased to report operating and financial results for the fourth quarter and the 2013 fiscal year which culminate 15 years of success in the Canadian Energy Industry. Peyto set new production and reserves per share records in 2013 while delivering a 76% operating margin1 and a 25% profit margin2. A 10% return on capital and a 12% return on equity were achieved in [Read more]

Jim Prentice to Lead Renewed Partnership Building With First Nations on Behalf of Enbridge and the Northern Gateway Partners

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 5, 2014) - Northern Gateway and its partners today announced that the Hon. Jim Prentice will lead renewed efforts to consult with and establish partnerships with First Nations and Aboriginal communities in British Columbia and Alberta. This will build on agreements already in place with 26 existing Aboriginal equity partners. "I am doing this because I believe that First Nations should be full partners in resource development and they should [Read more]

Gear Energy Ltd. Announces 42 Per Cent Increase in Year-End Reserve Value and 249 Per Cent Replacement of 2013 Production

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the results and analysis of its 2013 year-end independent reserve report. HIGHLIGHTS Achieved finding, development and acquisition ("FD&A") costs of $17.84 per proved plus probable ("P+P") boe, including changes in future development costs ("FDC"), which resulted in a Company recycle ratio of 1.8 times. FD&A costs decreased by 26 per cent from 2012. FDC [Read more]

Painted Pony Announces A 52% Increase in Proved Plus Probable Reserves to 1.7 Tcfe With A Net Present Value Discounted at 10% of $1.5 Billion

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce the results of the Company's December 31, 2013 reserves position and its Montney natural gas prospective and contingent resource assessments. Highlights include: a 52% increase in proved plus probable ("P+P") reserves to 1.7 trillion cubic feet of gas equivalent ("Tcfe"), or 290.3 million barrels of oil equivalent ("mmboe"), with a corresponding 41% [Read more]

Gear Energy Ltd. Announces Fourth Quarter and Year End 2013 Results; Record Production and Strong Operational Performance

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Gear Energy Ltd. (TSX:GXE) ("Gear" or the "Company") is pleased to provide the following fourth quarter operating update to shareholders. In conjunction with this fourth quarter release, please refer to Gear's Reserves Press Release for its 2013 year-end reserves update for more information. Gear's Annual Audited Financial Statements and related Management's Discussion and Analysis (MD&A) for the year's ended December 31, 2013 and 2012 are [Read more]

Clearview Announces Acquisition and Change of Director

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Clearview Resources Ltd. ("Clearview") is pleased to announce that on February 28, 2014 the Company acquired long life natural gas and liquids assets in the Wilson Creek area of West Central Alberta. Production from the 8 gross (3.3 net) wells acquired is estimated at net 150 boe/d, comprised of 660 mcf/d of natural gas and 40 b/d of liquids. The Company also believes there is upside in the assets in the form of multi-zone re-completion, drilling [Read more]

Trilogy Energy Corp. Announces Financial and Operating Results for the Quarter and Year-Ended December 31, 2013

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the quarter and year-ended December 31, 2013. FINANCIAL AND OPERATING HIGHLIGHTS Trilogy added 19.5 MMBoe of proved reserves (50 percent oil and NGLs) and 20.8 MMBoe of proved plus probable reserves (53 percent oil and natural gas liquids), including positive technical revisions. Trilogy replaced 154 percent of 2013 produced [Read more]

Baytex Signs Agreement to Increase Conservation of Produced Gas for Power Generation in Peace River Area

CALGARY, ALBERTA--(Marketwired - March 4, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) is pleased to announce the signing of a 10-year agreement with Genalta Power Inc. ("Genalta") to deliver the majority of the excess natural gas production associated with its Three Creeks heavy oil production in the Peace River area to a power generating facility to be constructed by Genalta. The project will generate 12 megawatts of low emission power, providing the daily energy requirement for [Read more]